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Validus Holdings LTD (NYSE:VR), a $11 billion dollar insurance holding company, has sold a investment grade preferred issue with a coupon rate of 5.875%. We were not familiar with Validus Holdings so a bit of research was in order.  VR was formed in 2005 by various private equity owners including Goldman Sachs and Merrill Lynch. They did their IPO in…

Date Issued    6/6/2016 Shares Issued  6,000,000       Overallotment Shares   None S&P Rating  BBB-      Moodys Rating   Ba1 Security Ticker Symbol   VR-A    OTC Grey Market   VRHSP Market Traded ON   NYSE Dividend Payment Paid on the 15th of March, June, September and December beginning on 09/15/2016 Quarterly Dividend   .367  Annual Dividend   1.469 Securities may be redeemed, at the…

Super returns have been accruing to the income investor for many months now and I have to wonder how long this will last.  Gains in almost all preferreds and debt issues continue to be strong as investors hunt hard for anything that will pay them more than treasuries and even issues with modest coupons trade strongly. Will shares crash next…

The latest new preferred stock offering from a lodging REIT comes to us from Pebblebrook Hotel Trust  (NYSE:PEB).  So now we have had recent offering from Hersha Hospitality (NYSE:HT), 2 issues from Sunstone Hotel Investors (NYSE:SHO), and lastly from LaSalle Hotel Properties (NYSE:LHO). As most of you likely know we are not fans of these issues, because lodging REITs can…

Date Issued    6/2/2016 Shares Issued  5,000,000       Overallotment Shares   None S&P Rating   NR      Moodys Rating   NR Security Ticker Symbol   PEB-D    OTC Grey Market   PBBKP Market Traded ON   NYSE Dividend Payment Paid on the 15th of January, April, July and October beginning on 07/15/2016 Quarterly Dividend   .398  Annual Dividend   1.594 Securities…